On the surface, the mining income of BNB is much greater than that of FDUD, but is it really the case?
Below I will calculate the income through calculation. If there is any inaccuracy, please correct me.
1. Staking amount.
According to the current staking amount of the mining pool, convert it into the same unit for comparison.
BNB (hereinafter referred to as B pool): 10.9 billion USD
FDUD (hereinafter referred to as U pool): 3.1 billion USD
Thus, it is calculated that B pool is 3.5 times that of U pool.
2. Profit ratio.
According to the mining income ratio this time, B pool is 85% and U pool is 15%, so it is calculated that B pool is 5.5 times that of U pool.
3. Mining efficiency ratio.
5.5/3.5≈1.6. This value means that the income of B pool is 60% more than that of U pool at this stage.
4. Capital utilization rate.
Only consider the capital utilization rate in several common situations.
u capital utilization rate: 100%
bnb hedging: 50-90% (this depends on the individual, I usually use 80%)
bnb lending: generally gives you 70% of the loan amount, or even lower.
5. Ideal income.
Without calculating the loss, assuming that the mining u pool income is 2% and 100,000 u is invested
u income is: 100,000*2%=2000u
bnb hedging income is: 100,000*0.8*1.6*2%=2560u
bnb lending income is: 100,000*0.7*1.6*2%=2240u
6. Loss calculation.
Directly buy and sell u, according to the positive exchange rate in the morning and the negative exchange rate at the end of mining, the exchange rate loss is about 3‰, and the loss of 100,000 u is 300u.
Bnb hedging, the daily loss of capital rate is about 1.1‰, 6 days is 6.6‰, plus the opening and closing fees, slippage, fuzzy calculation is 2.5‰, the total loss is 9.1‰, 100,000u at 80% capital utilization rate loss is 728u.
Borrowing bnb directly, the lending rates on the chain are different for each platform. I found a relatively low platform to calculate, which is about 43% annualized lending rate, 6 days interest rate loss is about 6.6‰, 100,000u at 70% capital utilization rate loss is 462u.
7, actual income.
Actual income = ideal income - loss.
u income: 2000-300=1700u
bnb hedging income: 2560-728=1832u
bnb lending income: 2240-462=1778u
Of course, these are just calculations based on some surface data, and the actual situation will be more complicated than this.
The above are all hand-typed and deduced by me. Can you give me a small thumbs up? Thank you very much😊
